PGIM India Balanced Advantage Fund Direct Growth

Hybrid
Direct
Dynamic Asset Allocation
PGIM India Balanced Advantage Fund Direct Growth

About the Fund

PGIM India Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 4 February, 2021. The fund is managed by Anandha Padmanabhan Anjeneyan, Hitash Dang, Vinay Paharia, Puneet Pal. This fund gives you the benefit of diversification.

Key Parameters

  1. PGIM India Balanced Advantage Fund Direct Growth has ₹1136 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

PGIM India Balanced Advantage Fund Direct Growth has given a CAGR return of 13.76% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 18.51% and 12.63% respectively.

Holdings

PGIM India Balanced Advantage Fund Direct Growth has allocated its funds majorly in Government, Financial Services, Corporate, Cash Equivalent, Industrial, Tech, Consumer Cyclical, Energy, Consumer Defensive, Basic Materials, Health, Utilities, Communication, Real Estate.

Taxation

As it is a dynamic asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of PGIM India Balanced Advantage Fund Direct Growth

To provide capital appreciation and income distribution to the investors by dynamically managing the asset allocation between equity and fixed income using equity derivatives strategies, arbitrage opportunities and pure equity investments. The scheme seeks to reduce the volatility by diversifying the assets across equity and fixed income. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/ indicate any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. PGIM India Balanced Advantage Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
22 people have invested ₹ 1.1L in PGIM India Balanced Advantage Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
12
/15
22% Performance
45% Risk Management
87% Cost
12 out of 15 among dynamic asset allocation

Fund Overview

Expense ratio0.44%
Benchmark
CRISIL Hybrid 50+50 - Moderate TR INR
AUM₹1136 Cr
Inception Date4 February, 2021
Min Lumpsum/SIP₹5000/₹1000
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
211.63%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 69.3%

  • Debt & Cash 30.7%

Large cap
48.3%

Mid cap
15.8%

Small cap
5.2%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
29.9%
Industrial
12.9%
Consumer Cyclical
10.3%
Tech
9.3%
Energy
7.8%
Consumer Defensive
7.2%
Basic Materials
7%
Health
6.5%
Communication
4.6%
Utilities
4.4%
All changes are between Oct'69 and Dec'69

Anandha Padmanabhan Anjeneyan
Anandha Padmanabhan Anjeneyan
Fund Manager of PGIM India Balanced Advantage Fund Direct Growth, since 1 April 2023
Hitash Dang
Hitash Dang
Fund Manager of PGIM India Balanced Advantage Fund Direct Growth, since 1 June 2021
Vinay Paharia
Vinay Paharia
Fund Manager of PGIM India Balanced Advantage Fund Direct Growth, since 1 April 2023
Puneet Pal
Puneet Pal
Fund Manager of PGIM India Balanced Advantage Fund Direct Growth, since 1 December 2021

PGIM India Balanced Advantage Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 13.76% since inception which is more than its category average return of 13.25%
Fund Allocations

Fund Allocations

This fund has an allocation of 69.28% in Equity, 20.92% in Debt and 9.8% in Cash related instruments
AUM size ₹1136 Cr

AUM size ₹1136 Cr

This fund has AUM of ₹1136 Cr which is less than its category average of ₹ 8420 Cr
Expense Ratio 0.44%

Expense Ratio 0.44%

This fund has an expense ratio of 0.44% which is less than its category average expense ratio of 1.32%

Frequently Asked Questions

The current NAV of PGIM India Balanced Advantage Fund Direct Growth is ₹15.61 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
PGIM India Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.08%
4.08%
6 Month Returns
10.43%
10.43%
1 Year Returns
18.51%
18.51%
3 Years Returns
42.88%
12.63%
5 Years Returns
0%
0%
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  • Select your bank account and proceed with Payment.
0.44% as on June 2024
₹1136 Cr as on June 2024
Reliance Industries Ltd(5.8%), HDFC Bank Ltd(5.57%), 7.18% Govt Stock 2037(5.32%), ICICI Bank Ltd(5.26%), 7.18% Govt Stock 2033(4.12%) as on June 2024
Financial Services(21.22%), Government(16.26%), Industrial(8.48%) as on June 2024
AAA
100
Anandha Padmanabhan Anjeneyan, Hitash Dang, Vinay Paharia, Puneet Pal are the fund managers of PGIM India Balanced Advantage Fund Direct Growth
The Exit load of PGIM India Balanced Advantage Fund Direct Growth is 0.5%